♪ 5:00 a.m. at cnbc global headquarters a in the nation's capitol where the clock is ticking toward another government shutdown. we'll take you live to d.c. with the very latest straight ahead. china remaining front and center high-level trade talks getting under way in beijing. futures are pushing higher this morning investors gearing up for the big week ahead one major hedge fund manager is making big moves out of tech. the details ahead. and history is made at last night's grammy awards. in case you missed it, we'll give you a full recap of the music industry's biggest night all on this monday, february 11st, as "worldwide exchange"

begins right now ♪ ♪ girls like you ♪ yeah, yeah, yeah happy monday, good morning, good afternoon or good evening from wherever in the world that you may be watching. i'm brian sullivan, thank you for joining us here. let's get your day going as always by checking in on your money and the markets. futures are up right now dow jones with an implied open of 100 points. we are seeing gains across the board on fair value and normalized basis this is kind of random but interesting, but that's the end of the show. we'll do two of them for you according to this, s&p 500 has now been positive in the last hour of trading seven sessions in a row we might be able to make it eight on this monday coming off another good week in fact, the dow and the small caps, the russell 2,000 are now in a seven-week win streak we'll see if eight may be enough or if the markets can keep

powering higher. china is back open today they were off all last week for the lunar new year and we are seeing some gains in hong kong and shanghai as well, japan, that's been a tough spot for the last year, the nikkei 225 down about 2% overnight in the bond market, the benchmark ten-year note, look at that, 2.64%. remember four, five months ago a lot of people calling for 3 1/4, 3 1/2%, not the case oil market continues to weaken as well. more on oil in a couple minutes with a guest on the program. we are seeing euro dollar at 1.13 as always, more in the markets coming up. but first, here we go again. the clock is ticking toward the possibility of yet another government shutdown. lawmakers have until midnight on friday to pass a new spending bill tracie potts live in washington with more on tracie what is getting to be a very familiar

story for you in the last couple of months. >> reporter: familiar and very unfortunate for all those government workers trying to figure out, do i have a job? do i get a paycheck after friday or not right now things look iffy for a deal to be done by friday because talks broke down over the weekend, brian the issue is immigrants already living in the united states. democrats want the government to scale back on raids targeting those who haven't committed any crimes and they also want to see fewer prison beds for those who have committed crimes. that seems to be the hold up over putting a dollar amount to any sort of barrier at the border which, of course, is what republicans and the president want so talks broke down. it's not clear when they'll start talking again, if that doesn't happen in the next day or so. it may be too late to come up with something to agree on on friday but, this could happen the white house says, yes, we could see a shutdown yes, the president could still declare a national emergency, but that he's also willing to

sign off on another temporary budget extension to get the government past friday, keep it running and give these lawmakers another chance more time to work things out brian? >> yeah. about 800,000 government workers certainly hoping this time is not like the last time tracie, thank you very much. well, outside of the possibility of a government shutdown, investors should also be watching any new developments on trade treasury secretary steven measure nuchen and robert lighthizer are traveling to beijing, china, this week for a new round of talks let's talk to eunice as always live for us in china >> thanks so much, brian trade talks are under way here in beijing the deputy-level officials have arrived and had their meetings to kick off discussions that are going to lead to higher level discussions later in the week with the heavy hitters mnuchin and lighthizer the talks are supposed to last all week long. by the end of it, we should have a clear idea as to whether or not a deal is in the cards by

march 1st. the chinese government, the foreign ministry said today that it's hopeful for, a quote, good result from the discussions, but the big question is whether or not the chinese would really make concessions that are important to the u.s so an end to certain structural practices such as state subsidies and forced technology transfers. the dominant opinion among china watchers is that the chinese are not going to be budged and don't want to be dictated to and they think these industrial policies are too core to their economic agenda however the other opinion that's out there, of course, the trump administration's point of view is that if you squeeze beijing hard enough especially when the economy is down, then china will come to the table. and on that front, we had more economic data that shows the economy is struggling or at least that the consumer isn't really feeling so confident. that's because the lunar new year sales came out. they grew at the slowest pace in 14 years the sales are a gauge of the chinese consumer, similar to the

christmas shopping for american consumers. so retail sales and domestic travel dropped to the single digits, but brian, there was one positive blip out there and that is that companies and online shopping was doing well and companies like a food delivery app said that they saw orders jump 100% on lunar new year's eve. and that -- they said that a lot is because people were ordering prepared food including pork knuckle before they went to the dinner table i think it either shows that there is still some consumption going on here or people are just really lazy and don't want to actually prepare the food themselves but they want to impress their inlaws and family members about their cooking ability. >> you say that like it's a bad thing, eunice. nothing wrong with being lazy and sitting there ordering food. i myself practice that and i like to practice what i preach how about this, i don't want that, i want the eun index you're out there everyday in

beijing living and working are you seeing signs anecdotally of any kind of major slowdown in the chinese economy? >> well, it's hard because i'm here in beijing. so beijing is one of the wealthier cities and so you don't know exactly what's happening out in the hinterlands. however, yeah, when you talk to people here, there are concerns about where this is all headed a lot of people have been nervous about the economy. and what i also thought was interesting in conversations with upper management, so some ceos who i know here, especially in the tech sector, they've been telling me, you know n some ways they are seeing a change in the attitude to a lot of staffers here, that people just in the past several years have been able to jump job to job to job because the opportunities were so great, wages were rising double digits every single year and now that's not happening as much and it's affecting the way people think about employment because they're getting more nervous that they could potentially lose their job >> i think we need to formalize

the eun index. are you ready for that we'll do it the eun index. >> i can't i don't -- i'm afraid. >> we'll do it and put you on the spot that's our favorite thing any way. eunice, thank you very much. well, also every monday we set you up for the week ahead here on "worldwide exchange. so, here is what you need to watch this week. as we just talked about, china, their market reopening after a week-long holiday for the lunar new year also, you get earnings from restaurant brands. now, tomorrow, i know the multijobs number gets all the attention. like to focus on what's called the jolts survey diop opening and labor turnover survey basically shows how many people are quitting voluntarily out at 10:00 a.m. tomorrow morning. earnings from knee sand and underarmour. wednesday, the iea markets report oil weakening a little bit today. thursday, coke and cbs and, yes, yet another brexit vote in the uk, seemingly becoming a weekly

event. on friday, earnings now from pepsi and john deere we'll dive more into all this and what matters amid all that clutter. joining us is chief investment officer at bleakly advisory group, cnbc contributor. you saw the wex calendar what stixs out to you? >> continuation of earnings and see what happens out of the u.s./china trade talks we're focussed on are tariffs immediately going to come off or the u.s. use them as a stick or enforcement mechanism to eventually take them off but just not yet depending on how china adheres to any agreement >> what happens if nothing happens at the trade talks, both sides leave, no progress >> the market has made it very clear, ceos have made it very clear, that would be very damaging to the global economy if these tariffs remain in place. >> yeah because they're going to jack up. what happens if we get a very

positive development it looks like we're going to avoid that increase in tariffs from 10 to 25% does the stock market rally? or is the expectation of a positive outcome already built in >> i think initially it will rally, but the market wants those tariffs to disappear they don't want them to stay where they are and maybe some point come off we want -- >> it's like a rain cloud hanging over us. >> exactly we want a deal and end to the tariffs. we want a complete rollback of the tariffs. it's clear the global economy is slowing. it's clear also i believe that the tariff battle and the trade battle with not just china but with other countries has led to this slowdown. now, china has been slowing any way. i'm not going to blame the trade issues as the reason for the chinese slowdown but it is accelerating it. so, i think at this point we want resolution and we want those tariffs to disappear >> you know, it feels like, peter, it's us against the world. it's like the ryder cup, in a way, right it's america versus everybody else and if you look at barrens this

weekend, stop the world was sort of their editorial on the opening pages, which is the rest of the world, china and europe, particularly are slowing and we're not. is the u.s. at 325 million people but the biggest economy in the world, able to be the atlas and sort of hold everything else up >> no. it will be able to hold the u.s. economy up, maybe it will keep the u.s. economy continuing to grow, but we're still not going to be immune from all these -- >> how about the equity markets? can we hold those up >> so, let's take that 40% of s&p revenues sourced overseas well, we know that's very vulnerable right now so if the equity market succumbs to worries about earnings growth and the slowdown, the equity market if it corrects could then have a direct impact on the psyche of the u.s. consumer and then consumer spending i argue the question of the when the next recession in the u.s.

comes, when ever that might be, could actually be driven about where the stock market goes because you get another 20% decline, you get a slowdown in consumer spending, so-called wealth effect in reverse, that could lead to a downturn in the economy because capital spending and that export side is obviously softening because of the slowdown overseas. >> many of the very fine guests we have on this very fine program and certainly some will be on in the next couple of minutes will tell you the earnings season was pretty good. yeah, we slowed down but it was good enough. you beg to differ. >> i think it was just lackluster i mean, about 65% of economies are beating eps estimates. well, the average is actually about 70. >> sounds good. >> the average is about 70 70 is normal. >> it's not 30%. >> right but 70 is normal that's the bar so, you based whether it's good or not above or below that number also, revenue growth relative to expectations is only about 35 to 40% of companies are beating revenue estimates. what's most noteworthy is not

necessarily what they're saying about the fourth quarter, it's what they're saying about the fourth quarter so fourth quarter earnings estimates have now gone slightly negative on a year of year basis. granted the comparisons are very difficult because we got the benefit of the tax increase and decent economy last year, but earnings estimates have been declining not just for the fourth quarter but for all of 2019. >> yeah. and i guess guidance -- we always want to look forward not backwards. guidance is always the real story. have you been able to discern any kind of a trend from the guidance >> yes. >> you hear -- the ceos -- again, i'm agoragating everything we hear so take it for what it's worth which is we're worried about tariffs. they're not saying we're doomed. they're saying we're worried but it doesn't mean the worst case scenario is going to happen. >> right so i listen to a lot of earnings conference calls clearly -- >> you need to get out more, by the way. >> i do. clearly earnings growth has slowed overseas and they're

worried about that domestic demand has hung in. they remain somewhat positive, cautiously optimistic that old cliche because domestic demand is still pretty good but a lot of companies are now watching their back they want to see how the trade talks go, want to see whether we go from 10 to 25 or 10 to 0 hopefully and want to see how much longer the u.s. consumer can hold up the global economy as you said earlier. >> peter, is the fed our friend or foe >> well, the fed is our friend in that they stopped raising rates but still shrinking their balance sheet. we have to be careful what we wished for, the last two times the fed was done with the rate hike cycle came right before an economic recession so i would rather see the economy hang in and do well and have them raise a few more times than have them be done because growth is slowing. >> the fed is like that character in the movie you don't know, like are they good or bad? we can't figure out who is this character and where are they going to go. >> yes

it's how the market interprets it right now they're interpreting it as good, but will they switch to say you know what, why is the fed done >> why are bond yields -- >> around the world. >> see great minds or one great mind. 2.64% of the 10 year, either people are buying bonds because they want to own bonds or the bond market is telling us watch out. >> right. >> the japanese ten year is below zero again the german ten year is just ten bases points that's obviously sending a message. >> by the way, the japanese market was closed today. >> it's monday. >> it's monday like 5:00 in the morning. i apologize. >> you're welcome. peter, thank you we are getting started on wex, "worldwide exchange." up next, we'll drill down deeper on oil prices slipping again this morning trade fears over supply taking center stage we'll talk more about where oil is likely to go. later, it was music's biggest night last night, apparently

if you went to bed early or had no idea the grammys were on, we're going to let you know what happened stick around i'm a veteran

and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome. welcome back, 5:18 on a monday morning let's talk about oil jim cramer told you many times oil right now seems to determine the way the stock market is going, and we're seeing the price of crude, at least here in the united states, down about half a percent brent crude sup slightly, but still we're back down to the mid

to low $52 a week range. the worst week of the year by the way, last week for the price of oil let's bring in now oil analyst at the nasdaq. tomorrow, we had all this sort of bullish talk on oil to begin the year, opec cuts, you know, this and that. the venezuela issues and all of a sudden oil is back down what do you think is going on right now? what's the main determinant in the price of oil >> i think it's going to take a while for the market to self correct, so we cratered in prices in the fourth quarter you and i were on set -- >> 75-45 in 09 days. >> the fact of the matter is that oil prices wti still average $65 over the course of 2018 so even though there were significant carnage in the fourth quarter, oil prices were still up over 30% year over year from 2017. that really incentivized a lot of production growth over 2.2 million barrels a day of production growth in the u.s., the highest country rate on

record and relative to global demand growth that's far too high yes, we had things such as opec production cuts perhaps a slow down in the growth of u.s. shale, but we're still at a point where the supply growth is outpacing the level of demand growth and prices are starting to temper as a result of that. >> it feels like thanksgiving. you know, you're full. you've eaten all you can but yet grandma puts out more food i don't need anymore stuffing. that's kind of the way it feels like with oil. we're worried about china and the european slow downs but the u.s. shale producers are just going to keep putting more food on the table, are they not they're going to keep producing. >> it's interesting. a couple of the emb the publicly traded producers have come out with their fourth quarter results in the last few weeks and they forecasted their level spending for the new year. they're all getting religion, so to speak reigning in spending, spending within cash flow and that's led to reductions in their levels of production growth, but they're still growing production even as they cut back cap x.

i think one area that's really underappreciated by the market is the role of the private producers. we tend to focus on the publicly traded companies, they get a lot of coverage the private producers accounted for over half of the growth in the red count last year, over 30% of the new well permits they don't have the same calculus about drilling because they're not answerable to public shareholders that want to see profitability. so growth is a bit more of a driver for them. that's been continuing this shale growth going forward. >> we talked about it on friday on the program very briefly in our rbi, not a lot of people are talk about it, but there's a bill going through congress that's called basically no oil production. >> no pec. >> a bill in congress to try to make opec effectively illegal and the penalty would be we're going to seize assets in the u.s. if you're part of a cartel. forget about why it's there. the point is, it could be approved by this congress and a president who clearly does not

like opec. if that bill is passed into law, if we outlaw opec what are they going to do? what do you think the outcome will be? they may say, okay, forget you america. we'll do what we want. >> i think it could leave some of our companies exposed i mean, this really reflects the big paradigm shift we've had now that we are a net energy exporter, the largest crude oil producer in the world. we can't solely focus on having the lowest gasoline prices at the pump we also have to look at what happens on the oil side for the producers as well. we want to try to find that goldie locks price not too high for consumers but also supports long-term investments. we've had very wide swings with high to low prices, all would continue and get worse if we didn't have some sort of body that tried to regulate and stabilize prices opec hasn't always been effective at that in terms of

price stabilization, but we do need some kind of agent out there otherwise the volatility could get worse. >> tomorrow what price is that oil pourage perfect, 65 to 75? >> i think that's too high. >> you do? >> i think that's too much supply is going to come online from that and will crater prices in the long-term i also think in some parts of the world it starts to hit demand destruction levels. so i think that we could test 60 in the second half of the year as i that's a seasonably stronger period of time but i think we close the year a bit lower than that pro-probably around 55. >> you and i same page we'll see -- i was going to make you a bet but we can't because we agree always a pleasure. >> thanks brian. up next, trade talks d.c. drama and big earnings. these themes all front and center for everybody from washington to wall street. plus, tossing tech why one top hedge fund manager is selling stakes in some of the world's top tech companies that's all coming up when

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all right. in stock news, third point dissolving stakes in some large cap technology companies according to regulatory filing laid out on friday, dan lobe's fund dropping its positions in aliba alibaba, microsoft and netflix third point could be right in dropping these stocks, but also keep in mind they've been more wrong than right recently. third point losing about 11% last year, that's according to our reporting. up next, we are on washington watch the clock ticking toward another government shutdown. could this fight over a border wall really force 800,000 federal workers into another furlough in we'll get a live report from d.c. google is making big changes to its youtube policies. 'lacking down. wel tell you what they're doing. you can decide what you think when "worldwide exchange" returns. eyond the numbers to examine investment opportunities firsthand.

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♪ here we go again the clock is ticking toward the possibility of another government shutdown as talks over border security break down. china front and center for investors. trade talks kicking off this week in beijing to try to avoid another harsher round of tariffs. and a historic moment for the music industry at last night's grammys in case you went to bed early we have the highlights as "worldwide exchange" rolls on

♪ good morning and welcome back thank you for being with us on here on cnbc, happy monday i'm brian sullivan let's kick off the second half of the hour all the news you need to know, frank holland is back with that frank. >> trade is front and center this week. treasure secretary steven mnuchin and robert lighthizer are traveling to beijing this week for a fresh round of talks. we're a few weeks away from the march 1st deadline where the administration is expected to impose new tariffs. senator amy klobuchar announcing her presidential bid the fifth u.s. senator to announce she's running and fourth woman in the chamber. the minnesota's announcement going viral. she gave her speech in a blizzard and activision is reportedly planning to lay off hundreds part of a restructuring efforts as it faces sluggish sales the job cuts are expected to be officially announced tomorrow. brian, back to you. >> thank you very much

now let's get a check on this morning's other top news outside of the world of money and business nbc's phillip mena is in new york with those. phillip, good morning. >> good morning, brian new trouble for one of virginia's top democrats the lieutenant governor could face articles of impeachment today. justin fairfax is accused of sexual assault by two women. allegations he strongly denies a state delegate from within his own party vowed to begin the impeachment proceedings today if fairfax refused to resign. california governor gal vin newsome will pull back all members of the national guard deployed at the state's border with mexico. the 360 troops will be redeployed to fight wild fires the governor is expected to say that california will not be part of the manufactured crisis by the trump administration the move comes one week after a similar announcement from new mexico's governor. and lindsey vonn's historic skiing career has come to an end. this is video of her final competitive run in the women's downhill race at the alpine

world ski championships in sweden despite crashing last week during the super g event and suffering multiple injuries this time vonn walked away victorious, winning a bronze medal in her final race of her very storied career. she retires as the winningest female skier in history. cannot ask for a better legacy than that, brian. >> sad to see her go but glad she did so well after that scary fall last week have a great day, phillip mena. markets are setting up on this monday morning, half way through the 5:00 a.m. hour, stock futures indicating this little rally we have been in the last couple months could continue dow futures up, we'll call it 100 points we have a seven-week win streak for both the dow jones industrial average and the small cap index. december, oh, how long ago that seems. the markets have been on a run oddly, though, bonds are also getting bought the ten-year note, yield continues to fall. people are buying both stocks and treasuries the yield at 2.64%

we're going to have more on your morning markets in just a minute but first we have to go back to washington because the clock is ticking toward yet the possibility of another government shutdown. lawmakers have now until midnight friday to reach a deal or about 800,000 federal workers once again will be furloughed without pay. joined now with more from d.c. how close are we getting here? >> it is once again a possibility that the government could shut down because talks broke down over theweekend the top republican negotiator senator richard shelby says the talks are stalled and puts the odds of a deal at 50/50. mick mulvaney was more bleak, on "meet the press" he asked if a shutdown is off the table, his answer is no. >> you cannot take a shutdown off the table and cannot take 5.7 off the table, but end up someplace in the middle, yeah what you probably see is the

president say, yeah, okay i'll go find the money some place else. >> democrats were quick to point fingers. steny hoyer called the comments irresponsible and alarming and said that democrats will continue to oppose any deal that funds a wall and does not include humanitarian assistance. the sticking point over the weekend was the number of immigration detention beds included in this deal. democrats want to cap the number republicans say that is dangerous. president trump put it this way on twitter, quote, democrats are behaving all of a sudden irration irrationally not only do they not want to give money for the wall, they also don't want to take murders into custody what is going on brian, lawmakers had hoped to wrap up negotiations well before the february 15th deadline, but does look like this is going to go down to the wire once again back over to you >> is it looking that if the government shuts down again it will be similar to the last one? are there any new components to this one we did not see at the beginning of the year?

>> we don't know at this point another stock gap, short-term spending measure just to keep the government open even if they haven't hashed out a deal on border security. it's also potentially possible they could fund the other parts of the government that had lapsed last time but still keep the department of homeland security where the fight is really -- that's where the fight is really centered, that one might be the one agency that shuts down so there are lots of ways they could possibly put this together or mitigate the impact of any potential log jam in these negotiations, but right now, things are not looking good. both sides had alot of optimis going into the weekend, but at this point, they say that they're at a stalemate. >> i may have been wrong when i tossed to you ylan it's hard to admit, it could be fewer than 8 o 00,000. when we had a partial government shutdown last time, this could be more partial, there could be a lot fewer workers who are furloughed. >> we just don't know. what i hear from my sources all

of the other spending bills, six other appropriations bills still remaining to be approved, that lawmakers are really close on those. there really isn't any big sticking point, any big roadblock in those it's really the fight over the department of homeland security. the challenge is, you know, all of these things have become bundled together is there way for lawmakers to unbundle them because the government shutdown last time was so politically painful they may want to keep more of it open but at this point in time, it's really just too soon to say. >> ylan, we're happy to know you'll keep working through thick and thin thank you very much. check out what happened to your money and the stock market during the last shutdown that is a chart of the dow if you're listening on the radio, it's a green light that goes from low on the left side to higher on the right side because during the shutdown, the dow rose more than 10% let's talk more about this and what else maters to the markets. chad morganlander portfolio

manager at washington crossing advisers not taking anything away from the economic impact and the impact of those families, 800,000 people, no paycheck for a month. >> awful. >> the market didn't care. why not? and do you think it will care this time if we get there? >> brian, the market is a forward-looking pricing mechanism. they're looking at 18 to 24 months they look at this situation as if it's transitory now, of course, it's awful for the people that had to stay out of work and whatnot. we do believe that, but overall, it does not affect the u.s. economy a great deal it may take .1% off of gdp growth for a quarter or two, but rather it's not going to long-term -- >> .1, .2% off a shutdown, let's hope we don't shut down again, another tenth or two, at some point doesn't it matter? >> it would if it were to go six to nine months strait. overall, investors and

economists believe it will be back end loaded and those people that were shut down and disturbed their lives would go out and actually buy. >> do you think that the last government shutdown and hopefully we avoid this one but let's say we didn't last time we shut down again. will it get the feds attention will that influence fed thinking >> no. what's going to influence fed thinking is the financial stability of the overall system, the u.s. economy, the jobs market as well as inflation. but overall, that's not one of those critical things at this point in time that the fed talks about in great length. >> you guys at washington crossing advisers have this thing called the fundamental conditions bar am ter. first off, you need a new name get a marketer in there. it's a great indicator sort of how things look to you and your team how do things look to you and your team? >> yeah. we're looking at if you want to be more cautious at this point. >> cash under the mattress kind of a cautious? >> you want to extend your

durations. we think the u.s. economy as well as the global economy will continue to soften, which would be one of these issues where you may see a seam of opportunity within the long end of the yield curve. we created this dash board to actually get a better feel as investors on where to place money in relationship to say equities in relationship to say bonds. and overall, the 30 indicators that we look at, ten of them which are credit indicators, ten u.s. economy and ten that are foreign are indicating to us that we're going to see a continuation of a deceleration in the global economy. >> i'm easily startled i'm a total coward here is the thing, when i see the stock market going up. >> right. >> and bonds being bought, somebody is going to be wrong, i think. what is that telling us that both are getting bought other than there seems to be a lot of money out there. >> well, brian, the market has moved in a rapid fashion because of monetary repositioning. we all know that the federal reserve went from hawkish to dovish.

but the economic backdrop and all the markers that they're looking at are actually moderating look at auto sales, for example, or in the united states the housing market those are big-ticket consumption items that are showing this actual evidence of a slow down also, look at corporate earnings corporate earnings have not been as robust as everyone was hoping for. and then when you go out further and you look at the conference calls, they're concerned about margin pressure, gross margin pressure or future revenue growth going out into 2020. >> we just had one of the best januarys in stock market history. >> correct. >> i know we're bouncing off a horrible december. but we've come up. >> yes, you have come up. >> all the stuff you're saying is accurate, of course, and the bond market is reflecting that, but what is the stock market reflecting then? >> the stock market is reflecting monetary policy and also reflecting at least a moderate increase within gdp our expectations are not for a

recession, but overall that the gdp numbers for 2019 could be 2%. >> i can't let you go before actionable advice. you said extend your duration. >> correct. >> that's fancy talk. >> yeah. >> what does that mean from our viewer's perspective, what do they do now? >> investors are mostly scared about bonds because interest rates are so slow. interest rates can continue to grind lower. we would not be surprised -- >> the bonds stink don't buy bonds. >> treasuries at 2.64 that's basically with inflation, no real return, zil ch is the technical term. >> overall you can get a fair return in 2019 also on the equities side, position yourself into utilities, health care as well as staples at this point. >> when i hear a stock guy tell me bonds look good, i want to jump under the table and get in the fetal position. >> don't worry it won't be that bad. >> washington crossing advisers.

thank you very much. coming up, saying sorry. ikea is apologizing to the entire nation of new zealand we'll tell you what they did ahead. plus, the biggest winners from last night's biggest night in music if you missed the grammys, don't worry, we have you covered orwi egh wn ghlitshe "wlddexchange" returns ♪

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stock futures indicating spring has sprung because the dow jones industrial average in the middle of a seven-week win streak and seeing dow futures up again today despite all else that is going on, worries about a slow down, possibility of another government shutdown, trade talk uncertainty, stocks keep moving higher the dow futures up 86 points right now. all right. let's find out what else you're going to be talking about today time for the morning top trending stories >> happy monday. you and i didn't watch the grammys. we had to go to bed. >> i had no idea it was on. >> there was no shortage of memorable moments. former first lady michelle obama rocking the house with surprise appearance at the beginning of the telecast she spoke about the power of music. donald glover, childish gambino made history after winning song of the year for "made in america" first rap song to win in that category but glover was

not on hand to accept his award. and cardi b first ever solo rapper to win best rap album for invasion of privacy. last night's big winner was country star kacey musgraves who took home album of the year for golden hour. i've never heard of kacey musgraves. >> great singer. merry go round spectacular. >> i'm not a big country fan we had off camera talks about rap. what do you think about cardi b winning? >> i think it's occur. >> that is how it goes >> you're hip. i got it i like the old school stuff. >> drake won for song of the year for "god's plan." i didn't know it was on. i had no idea they were happening. they cut his mike mid speech because he criticized the grammys a few years ago. don't criticize the award you're going to show up and expect to get some love, yeah. >> drake, we're going to school you on drake i'm a big drake fan. me and brian off air talking about how good or bad in brian's case drake is.

>> i like the old school stuff scorpion. >> moving on youtube is cracking down on conspiracy theories. they will no longer recommend videos that come close to violating its community guidelines medically inaccurate videos endorsing fake illnesses or medical cure alphabet says the videos will still be allowed on the site but won't show up as a recommended through the site's algorithm they're kind of haters i like all those whacky videos it's still democratic. you put something up -- >> there's crazy stuff out there. >> i don't want it to be prioritized. >> they got that auto play kids are watching youtube, whoa, what's that? >> some things -- >> hold up now. >> i like to watch on there, crazy game of thrones theories. >> they are deep in there. >> they're conspiracy theories about a fictional show it's not even like jfk or this -- >> no. >> it's they're conspiracy theories about a scripted -- >> a book that hasn't been

written. >> get on it, george martin. swedish furniture giant ikea is apologizing to the nation of new zealand today because the company is selling a large map of the world that completely left off the island nation key wees took notice ikea apologized and said they will be phasing out this inaccurate map this is called a sneak disk. you're not creating the map from scratch. you purposefully forgot new zealand. >> or it was not included in the assembly parts, just left off. >> ikea style. >> three screws missing. >> this is the one thing you could buy that you don't have to put together yourself. apparently you do. island nation thnot included. >> the kal done yans frank, thank you up next, the china factor, trade talks kicking off in beijing this week. coming up, the big things that you need to watch from those talks. plus, it's electric. how all these super cold

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annuities can provide protected income for life. learn more at retire your risk dot org. welcome back a little breaking stock news on this monday morning. in an upgrade just crossing the tape, upgrading tesla to a buy from a hold canaccord. vehicle penetration story is underappreciated by many on the street and they are upgrading their price target on tesla to $450 a share stocks of 313 trying to do the math, carry the 2 that's about 43% upside on a tesla bulls. knocking we're too tough on tesla, there you go, upgrade crossing right now. another check on the futures and we are seeing dow futures jumping up about 85 points right now. so looks like this seven-week win streak we're in the middle of, that's right the dow and the small caps are up seven weeks in

a row. they could continue as well. let's talk more about the markets and money is our friend michael farr and cnbc contributor. michael, you're in d.c i know you know and hobb knob with a lot of the women and men that are running the show. wushology the vublgts do you think the markets rose 10% in the last shutdown are going to be able to do it again? god forgive if we get another shutdown >> you know, brian, d.c. feels like a place we're just in desperate need of adult supervision from somewhere. >> ground hog day. it's bill murray >> we saw him over the weekend, didn't we? i think he was out playing with kernen exactly i think where he was, yeah. but it was a great tournament. so, washington is back at it nobody wants to agree. somehow they think there's a political win in this.

it certainly doesn't seem to be for a lot of workers who may be out of work again and that's not helpful to the economy and yet markets in general really haven't cared so, you know, as we're looking forward to the week, we are looking to trade we're seeing futures up this morning back on trade. i've been listening to show this morning, too you know, brian, i think that we are reaching that point in markets where they are slowing to meet a slowing growth which i don't think is awful it's clear that growth is slowing. but if we have a six or 7% year this year after all the run we've had, i don't think that would be awful. >> 6 or 7% more from what we've already gained or 6 and 7% return for the year because by the way, michael, we've already gotten that. the dow industrials are up 8% this year. >> i know. and i think if we ended up right here i would probably sign off on it right now given what we have when you look at what we have to do from the fundamentals, we're

up at that 16 or 16.5 earnings range, back to normal come off that 14.5 earnings lows, down from 19.5 earnings, this feels kind of normal as markets anticipate future growth, i think modest future growth could sustain levels here a robust takeoff year or to the moon year doesn't feel like it, but it doesn't feel like the bottom is going to fall out either. >> what's the next most important thing that you will have your eyes on, michael >> well, i'm sorry, brian, there r two. clearly the chinese trade talks. this is something that can be resolved this is something i think is ultimately at some point going to cause markets to rally this year i think that turns into a positive brexit is probably the thing that could be turning into the next biggest surprise. if we get a referendum back to

the britains and they vote not to brexit, which i think they're going to do, then i think markets really take off again. so, after just giving him my ho hum 8% forecast, i'm giving you two reasons that things could go significantly higher. >> we like the optimism and got a brexit vote on thursdays michael farr, always a pleasure. we'll see you soon. today the rbi is all about the future of driving. true story, last year my buddy drove his tesla from new jersey to pittsburgh and moaned he had to stop twice to charge should have been able to make it on one charge. cold weather sucks the life out of electric car batteries. aaa found that when temperatures drop below 20 degrees, the average driving range of an electric car drops by 41%. car makers say the future of cars is electric but climate change means more extreme weather, including more extreme cold, which means more charging which means more electricity is needed.

so let's just all move to phoenix and get it over with, shall we random but interesting and warm. that's it for "worldwide exchange" this morning "squawk box" is next have a great day no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks.

good morning here we go again just one workweek away from the next government shutdown possibly and one key senator says negotiations have stalled. it's about the number of beds or something. it's very complicated. we'll get a live report from washington trade talks, though, resuming over night in beijing as the markets there reopen after a week-long holiday and firming up here a little bit on that i'll take you live to china. and new concerns about amazon's business ceo jeff bezos wages a public battle with the national

inquirer over blackmail. it is monday, february 11th, 2019 it's valentine's week, isn't it? "squawk box" begins right now. ♪ >> announcer: live from new york, where business never sleeps, this is "squawk box. good morning, everybody, welcome to "squawk box." live from market site in times square i'm trying to sing as fast as the song goes here u.s. equity futures at this hour let's take a look. they are looking positive before the open dow futures indicated up by about 87 points. s&p futures up by almost 10 and nasdaq by up by 31 points coming after a strong market for the weeks last week. first time we've seen a seven-week winning streak for the dow since november of